Five of World’s largest banks were fined _________ to S. criminal charges over manipulation of foreign exchange rates.

1.

USD 1.2 million

2.

USD 2.2 billion

3.

USD 6.7 million

4.

USD 5.7 billion

5.

USD 6 million

Solution

Answer:

Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to S. criminal charges over manipulation of foreign exchange rates.

Which stock exchange introdiced an overnight liquid transaction facility on its web-based Mutual Fund platform on the 22nd June’15?

1.

National Stock Exchange

2.

Bombay Stock Exchange

3.

MCX-DX

4.

Delhi Stock Exchange

5.

None of the above

Solution

Answer:

The facility will enable traders, especially small investors, to invest even for a single night in liquid funds. A similar product was introduced last month by National Stock Exchange, NSE. The exchange has seen daily transactions worth 400-500 crore rupees in the product so far.

Solution

Checked out all the quizzes yet? Don’t miss a single one. Stay one step ahead of the competition with the daily General Knowledge, Current Affairs, Quant, Reasoning, English, Banking, Marketing and Computers quizzes.